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not the one by the federal government, but one stress test nonetheless. among other findings here, the failing banks would have to raise an additional $25 billion in capital to achieve a passing grade. >> joining us now with exclusive details is matthew anderson. he's part of the company that conducted the study. how do you come up with this? what methodology did you use? >> i'm glad you outlined that our stress test is just that, it's our application of an economic scenario, a downside economic scenario to bank earnings and bank capital. so what we did is we took the sort of variables that the federal reserve was forecasting in their c-card stress testing of the largest banks and applied that same sort of scenario to the entire universe of banks. >> are you tougher than the feds? >> we're probably tougher in some areas. we don't have all the data at our fingertips that they have, so they have a bit of an information edge. but i think we're pretty harsh. >> now, the banks that you identified, are they small banks, are they banks that everybody knows, are
not the one by the federal government, but one stress test nonetheless. among other findings here, the failing banks would have to raise an additional $25 billion in capital to achieve a passing grade. >> joining us now with exclusive details is matthew anderson. he's part of the company that conducted the study. how do you come up with this? what methodology did you use? >> i'm glad you outlined that our stress test is just that, it's our application of an economic scenario, a...
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that follows on, not an al qaeda sponsored government that follows on. all this loose talk of my friend, governor romney, and the congressman about how we're g g going to do -- we could do so much more in there, what more would they do other than put american boots on the ground? the last thing america needs is to get in another ground war in the middle east, requiring tens of thousands if not well over 100,000 american forces. they are the facts. they are the facts. now, every time the governor is asked about this, he doesn't say any -- ah -- he goes up with a whole lot of verbiage. when he gets pressed, he says, no, he would not do anything different than we are doing now. are they proposing putting american troops on the ground zblchbts putting american craft in the airspace? if that's what they're proposing. if they do, they should speak up and say so. that's not what they're saying. we are doing it exactly like we need to do to identify those forces who in fact will provide for a stable government and not cause a regional sunni-shia war wh when assa
that follows on, not an al qaeda sponsored government that follows on. all this loose talk of my friend, governor romney, and the congressman about how we're g g going to do -- we could do so much more in there, what more would they do other than put american boots on the ground? the last thing america needs is to get in another ground war in the middle east, requiring tens of thousands if not well over 100,000 american forces. they are the facts. they are the facts. now, every time the...
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he's going to end the government-run health care system. these look like very attractive sectors to me in view of what's coming politically in less than four weeks. >> until you called the election tonight, larry, i didn't know which way it was going to go. but now that you've explained that romney is going to win, then, yes, those are the sectors that i want to buy. but, larry, we still have problems here. we still have this congress whose approval rating is as low as it's ever been and deservedly so. i think these guys are still skating by. i think they're still overrated. without leadership here -- >> let me -- larry, you're absolutely right the doom and gloom coming out of the imf is totally wrong. there are plenty of pockets of strength. you have a picture distorted by a few bad apples, like the spanish who got everything wrong. the southern european welfare states are dying. but china's doing well. germany's exports -- china's were up 10% year over year in august. >> the doom and gloom is not wrong yet. >> germany's exports -- the u.s
he's going to end the government-run health care system. these look like very attractive sectors to me in view of what's coming politically in less than four weeks. >> until you called the election tonight, larry, i didn't know which way it was going to go. but now that you've explained that romney is going to win, then, yes, those are the sectors that i want to buy. but, larry, we still have problems here. we still have this congress whose approval rating is as low as it's ever been and...
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, say in september the government hired 187,000 people and in august the government hired 417,000 people, that's 604,000 people the government hired in two months, that's the highest change in government employment since 1948. that's not the bls doing something. that's the government hiring people and then there was part-time, you saw how many part-time people there were suddenly in the report. >> it's people who want to be full time people. >> it lowers the unemployment rate. 114,000 was not a good number. >> no but wait a minute -- >> and jack is like being crucified for just tongue and cheek comment. >> this discussion you're having is over the heads of most american people, including me, okay? >> that's not a high bar for you. >> no, that's not a high bar but let me say this to you. there are people out there that haven't got jobs. there are people out there -- >> they know how they feel. >> exactly, and let's go beyond that. whatever the number is, it vastly understates unemployment. why? because arbitrarily they say if you stop looking for a job, you're no longer unemployed. well,
, say in september the government hired 187,000 people and in august the government hired 417,000 people, that's 604,000 people the government hired in two months, that's the highest change in government employment since 1948. that's not the bls doing something. that's the government hiring people and then there was part-time, you saw how many part-time people there were suddenly in the report. >> it's people who want to be full time people. >> it lowers the unemployment rate....
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. >> spain spends 42% of their total economy on government. we're now spending 42% of our economy on government. i don't want to go down the path to spain. i want to go down the path of growth that puts americans to work with more money coming in because they're working. >> all right. i don't want -- >> no, no. >> i can imagine it would seem offensive. here is the question had it comes to his words versus the president's words. the president, everyone hangs on every syllable or consonant. mitt romney, does he have more latitude or is he under the same microscope over seize? >> he is not under the same microscope. some of the things he's said in the past before that comment about spain, for instance, about the palestinians and how israelis are somehow implying culturally business minded where as the palestinians are not and some of the things he said regarding russia, for instance, that it is america's number one geopolitical foe, and those have been framed in the foreign press and other countries outside of the united states as gaffes by someo
. >> spain spends 42% of their total economy on government. we're now spending 42% of our economy on government. i don't want to go down the path to spain. i want to go down the path of growth that puts americans to work with more money coming in because they're working. >> all right. i don't want -- >> no, no. >> i can imagine it would seem offensive. here is the question had it comes to his words versus the president's words. the president, everyone hangs on every...
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Oct 14, 2012
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we should do that every time the government changes. that's one of the things romney talked about that actually made sense, not in a partisan way or a muslim brotherhood is coming way. in a serious american foreign policy way. i think we saw that with libya. we turned our back. you're done, not our fight, thank you very much, good-bye. >> we're going to have to take a break. when we come back, more of the romney foreign policy. we're going to ask why he stopped bashing china when we come back. [ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ your doctor will say get smart about your weight. i tried weight loss plans... but their shakes aren't always made for people with diabetes. that's why there's glucerna hung
we should do that every time the government changes. that's one of the things romney talked about that actually made sense, not in a partisan way or a muslim brotherhood is coming way. in a serious american foreign policy way. i think we saw that with libya. we turned our back. you're done, not our fight, thank you very much, good-bye. >> we're going to have to take a break. when we come back, more of the romney foreign policy. we're going to ask why he stopped bashing china when we come...
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we only have one truly sacred obligation as a government. and that's to equip those we send into harm's way and care for those who come home. that's the only sacred obligation we have. everything else falls behind that. i would also tell him that the fact that he, this decorated soldier you talked about, fought for his country, that that should be honored. he should not be thrown into the category of 47% who don't pay their taxes while he was out there fighting and not having to day taxes and not taking responsibility. i would also tell him that things that occurred in this campaign, every campaign, that i'm sure both of us regret. any of us having said, particularly in these special new groups that can go out there, raise all the money they want. not have to identify themselves and say the most scurrilous things about the other candidate. it's an abomination, but the but tom line here is i would ask that hero you reference to take a look at whether or not governor romney or president obama has the conviction to help lift up the middle class
we only have one truly sacred obligation as a government. and that's to equip those we send into harm's way and care for those who come home. that's the only sacred obligation we have. everything else falls behind that. i would also tell him that the fact that he, this decorated soldier you talked about, fought for his country, that that should be honored. he should not be thrown into the category of 47% who don't pay their taxes while he was out there fighting and not having to day taxes and...
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not an al qaeda sponsored government that follows on. all this loose talk have my friend governor romney and the congressman about how we are going to do -- we could do so much more in there. what more would they do other than put american boots on the ground? the last thing america needs is to get in another ground war in the middle east requiring tens of thousands, if not well over 100,000 american forces. that -- they are the facts. they are the facts. now, every time the governor is asked about this, he doesn't say anything. he goes up with a whole lot of verbage, but when he gets pressed, he says, no, he would not do anything different than we are doing now. are they po proposing american troops on the ground, putting american aircraft in the airspace? is that what they're proposing? if they do, they should speak up and say so, but that's not what they're saying. we are doing it exactly like we need to do to identify those forces who, in fact, will provide for a stable government and not cause a regional sunni-shia war when bashir a
not an al qaeda sponsored government that follows on. all this loose talk have my friend governor romney and the congressman about how we are going to do -- we could do so much more in there. what more would they do other than put american boots on the ground? the last thing america needs is to get in another ground war in the middle east requiring tens of thousands, if not well over 100,000 american forces. that -- they are the facts. they are the facts. now, every time the governor is asked...
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you have efforts at governance. we still have a very robust american embassy, so they get a sense of what's going on inside the decision makers in iraq, and we also have a military presence in the form of a military assistance group, if you will, so that we can bolster that as necessary, but that now has reached the point where it must be a request from the government of iraq. we can influence the requests and the questions that they ask us, so we should be able to reinforce that relationship as necessary. >> is it realistic, because one of the only differences between these two is on the issue of syria and whether or not those rebels should be armed and providing arms. is that a way of actually ending this civil war, as romney suggests, as actually arming heavy arms to those rebel that is a lot of people don't even know who they are or whether or not they would get in the hands of terrorists? >> well, that's a single tact that can be taken. it by itself, you know, exclusive of other efforts that should be ongoing r
you have efforts at governance. we still have a very robust american embassy, so they get a sense of what's going on inside the decision makers in iraq, and we also have a military presence in the form of a military assistance group, if you will, so that we can bolster that as necessary, but that now has reached the point where it must be a request from the government of iraq. we can influence the requests and the questions that they ask us, so we should be able to reinforce that relationship...
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but they want to rely on the private sector not government to get that done. in a word they're going for vouchers. they don't like calling it vouchers, but that's really what it is. right now if you're on medicare, what happens is the government pays medicare, medicare pays the hospital, the hospital takes care of you. under this plan, the government would pay you, and you would decide if you wanted to buy into medicare, or into private insurance that will create competition between the two, in their theory, and that is how you get at that very same waste what that the white house wants to get out. these are two very complicated huge programs. there are critics on both sides who say this plan won't work or that plan won't work. or this plan will leave people stranded or that plan will leave people stranded. but the truth is, it is complicated. so if we go to this basic claim that both sides have raised here that somehow this is all about destroying medicare. that is simply false. that is a scare tactic, no matter which side is saying it. so why are they saying
but they want to rely on the private sector not government to get that done. in a word they're going for vouchers. they don't like calling it vouchers, but that's really what it is. right now if you're on medicare, what happens is the government pays medicare, medicare pays the hospital, the hospital takes care of you. under this plan, the government would pay you, and you would decide if you wanted to buy into medicare, or into private insurance that will create competition between the two, in...
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at least partly because the reagan and bush tax cuts reduced government revenues. you have a debt and deficit hawk. do you worry looking ahead about the debt under romney might explode again similarly? >> well, number one, the deficit is the symptom. spending is the disease. i mean, since world war ii, revenues have averaged about 18.5% of the economy. spending is at 20%. now due to the president's policies we have revenue that's gone down due to less economic growth but it's spending that's skyrock skyrocketing. he has it up to almost 25% of the economy and on automatic pilot for 40%. that means middle income families will suffer. >> but why would -- >> it is a spin proven problem. the deficit is the symptom. spending is the disease. you have to take care of the spending side and once again, brooke, if you look at irs data, you will see that revenues actually increased when we brought down rates because we had more economic activity. >> but congressman, why would -- >> -- to your proposition. >> why would the trickle down theory work this time producing record deb
at least partly because the reagan and bush tax cuts reduced government revenues. you have a debt and deficit hawk. do you worry looking ahead about the debt under romney might explode again similarly? >> well, number one, the deficit is the symptom. spending is the disease. i mean, since world war ii, revenues have averaged about 18.5% of the economy. spending is at 20%. now due to the president's policies we have revenue that's gone down due to less economic growth but it's spending...
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we don't want our government killing innocent people. and that we will go back home and pressure our government to stop this. >> well, the obama administration would say these drone strikes are necessary because they've taken out dangerous people who can harm the united states. >> what the people that we have met with from the region tell us, that this is a recruitment tool for al qaeda and the taliban. that as soon as there's a drone strike that kills somebody's child or kills their wife, in that culture, the culture is then to pick up a gun and seek revenge. these people, when we went into a meeting where there were just thousands of people waiting for us, they were chanting "we want peace, we want peace." they don't want to live like this. this has been over eight years of drone strikes. killed way too many people. and they were so excited to see us coming as the face of americans who value their lives and who want to live in peace with them as well. >> medea, the united states has a tricky relationship with pakistan. we're trying to
we don't want our government killing innocent people. and that we will go back home and pressure our government to stop this. >> well, the obama administration would say these drone strikes are necessary because they've taken out dangerous people who can harm the united states. >> what the people that we have met with from the region tell us, that this is a recruitment tool for al qaeda and the taliban. that as soon as there's a drone strike that kills somebody's child or kills...
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that might be a really good role for government. the bottom line is, i'm suggesting all that to you, i put it together, some other people have, it is not coming from the government. >> since we're talking housing, i want to point out, you saw this i don't know if our viewers have, the headline from jpmorgan chase ceo jamie dimond, we believe the housing market has turned the corner. has it? >> that's a big deal for them because most of their record profit by the way they had, they reported today, came from loans, a lot more loans. look, it turned a corner because there say combination of low interest rates and low home prices that buyers are starting to think it is going to come up. i think that probably stays in place for a little while unless something goes wrong and interest rates start to soar. but, yeah, for the moment, everybody i'm talking to, companies, people, car companies, that sell trucks, telling me the same thing. construction, new building and renovation are way up because people are buying houses. that is good. >> if
that might be a really good role for government. the bottom line is, i'm suggesting all that to you, i put it together, some other people have, it is not coming from the government. >> since we're talking housing, i want to point out, you saw this i don't know if our viewers have, the headline from jpmorgan chase ceo jamie dimond, we believe the housing market has turned the corner. has it? >> that's a big deal for them because most of their record profit by the way they had, they...
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we're running to be government -- to lead the government of the entire united states. >> so say whatever he wants as long as he gets elected. >> i don't know where the moral high ground is for president obama on this. remember the guy who wasn't going to take money from super pacs? >> absolutely. good point. another one. you've noted too, those are both right and evolution on gay marriage is ridiculous. but that's not a flip. he tried to guantanamo bay. so did bush and mccain. but this is unprecedented. and when i talk to my radio listeners and when you hear people, they don't care about substance and policy as much as i think theshtd, they care about principle and character. >> president obama set the precedent and did it without having a primary. >> i want to take issue with the notion everything he said before is completely different than what he's saying now. i didn't say you are saying it. but there's this narrative that somehow mitt romney's changed on everything. that is categorically untrue. he's principle keystone romney care which he constantly refers to, he refused to run away
we're running to be government -- to lead the government of the entire united states. >> so say whatever he wants as long as he gets elected. >> i don't know where the moral high ground is for president obama on this. remember the guy who wasn't going to take money from super pacs? >> absolutely. good point. another one. you've noted too, those are both right and evolution on gay marriage is ridiculous. but that's not a flip. he tried to guantanamo bay. so did bush and mccain....
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i know another company was taken over by the chavez government. and the reality is that nobody really knows what is going to happen. so that's something that can be expected in the next six years. >> here is why we care and why we're talking about it. gas, oil, right? let me look down. they're the fourth largest exporter of oil to the united states. one of the top oil producing countries in the world but more than 35% of the population lives below the poverty line. as paula mentioned, economists are worried they could go off the cliff here. she mentioned default in a couple of months. listen to what some economists are saying. >> they have already reached point where the current situation can't continue, a continuation of the current policy framework could culminate in a crisis effectively. >> right now, at least, we need the oil when you hear the precarious situation that is their economy, should we be worried? >> i find the situation very ironic. we, the united states, get about 8% to 9% of the oil from venezuela, a socialist country. venezuela,
i know another company was taken over by the chavez government. and the reality is that nobody really knows what is going to happen. so that's something that can be expected in the next six years. >> here is why we care and why we're talking about it. gas, oil, right? let me look down. they're the fourth largest exporter of oil to the united states. one of the top oil producing countries in the world but more than 35% of the population lives below the poverty line. as paula mentioned,...
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were state governments laying off teachers and firefighters at this rate? >> no. absolutely not. >> well, that's part of the recovery. our unemployment is where we are right now if republican governors weren't slashing teach eshs and slashing first responders. >> that's a circular process, cornell. if it grows faster, government would have more money to spend. >> i'll even agree with you. >> those are middle class jobs. don't slash those now. we didn't do it under reagan's recovery. why are we doing it now? >> excuse me, we, the republicans are not in charge of the white house last time i looked. so it's not we. >> but you're talking about the governors houses where the jobs are being lost. >> the policies that president obama is defending as bringing the economy back that tim geithner is now saying have the economy performing at near full potential, those are the president's policies and the democrats policies. not the republican policies. in fact, if you look at the states that have republican governors, you'd find their level of growth and their level of job cr
were state governments laying off teachers and firefighters at this rate? >> no. absolutely not. >> well, that's part of the recovery. our unemployment is where we are right now if republican governors weren't slashing teach eshs and slashing first responders. >> that's a circular process, cornell. if it grows faster, government would have more money to spend. >> i'll even agree with you. >> those are middle class jobs. don't slash those now. we didn't do it under...
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government systems and contractors to find other vendors. but h youuawei say it is committee is trying to poke china in the eye on cyber attacks holding the company hostage. >> huawei is huawei. it's not china. whatever concerns they have with the state, the government of another state or vice versa has nothing to do with my company and my company should not be held hostage to someone's political agenda. >> reporter: it's one of the biggest information communications providers in the world. a $30 billion firm with 120,000 employees worldwide operating in 140 countries. with 1,700 employees in the u.s., it provides telecommunications infrastructure as well as phones and tablets. it's founder is an officer in the chinese army but they deny a connection. the congressional committee huawei says made up the mind even before the hearings began. a statement on the company's website says the committee's report not only ignore e ed our proven track record of network security in the united states and globally but also paid no attention to the large am
government systems and contractors to find other vendors. but h youuawei say it is committee is trying to poke china in the eye on cyber attacks holding the company hostage. >> huawei is huawei. it's not china. whatever concerns they have with the state, the government of another state or vice versa has nothing to do with my company and my company should not be held hostage to someone's political agenda. >> reporter: it's one of the biggest information communications providers in...
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the chair of the government committee that initiated this hearing opened up by saying the state department was, quote, coming clean as it released new details just last night. those details include officials saying that attack at the consulate in benghazi was impossible to defend. and today, a regional security officer testified the assault was something the united states had never seen before at a diplomatic outpost. >> i had not seen an attack of such ferocity and intensity previously in libya. nor in my time with the diplomatic security service. i'm concerned that this attack signals a new security reality, just as the 1983 beirut marine barracks bombings did for the marines, the 1998 east africa embassy bombings did for the state department, and 9/11 did for our entire country. however, we must remember that it is critical that we balance our risk mitigation efforts with the needs of our diplomats to do their jobs. the answer cannot be to operate from a bunker. >> also, it revealed in this hearing still under way on the hill how officials in benghazi asked for more security at the cons
the chair of the government committee that initiated this hearing opened up by saying the state department was, quote, coming clean as it released new details just last night. those details include officials saying that attack at the consulate in benghazi was impossible to defend. and today, a regional security officer testified the assault was something the united states had never seen before at a diplomatic outpost. >> i had not seen an attack of such ferocity and intensity previously...
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their government -- the government has had a long and successful history with research and development funding. particularly basic research were there is not an economic or business incentive engaged in research. the government can go a long way through collaboration with universities. i think the trouble is where you define that and what is the government's's role in the partnership? -- what is the government's role in the partnership? very often companies come in and look at money they can contribute to get to their bottom-line. i think the other problem is, when the government views itself as a partner and as driving economic decisions for favorite political entities. i am not going to go into a long rehash of some of those experiences are around investment in renewable energy or some of the less than successful endeavors you what had their. it is when government views its role in the partnership as equal partners steering the ultimate outcome. i think you run a a danger. is not just the government picking winners and losers -- it is not just the government picking winners and loser
their government -- the government has had a long and successful history with research and development funding. particularly basic research were there is not an economic or business incentive engaged in research. the government can go a long way through collaboration with universities. i think the trouble is where you define that and what is the government's's role in the partnership? -- what is the government's role in the partnership? very often companies come in and look at money they can...
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the federal government should be doing it. but we have to -- we should have already passed the dream act for these children in this state who through no fault of their own are here. they have no country. all they want is the american dream. ted likes to talk about liberty, but he only wants liberty for people he agrees with. liberty for these kids means becoming a citizen. why we turned them down over and over is beyond me. we should pass the greenback. finally, we should have a worker program to identify people here. they should pay taxes. then we should have some kind of clear pathway. it does not mean the front of the line. we can make whatever requirements we want. but we cannot continue to stick our head in the sand. this is too important, too important for our state. if we do not do anything, we will have the same discussion. >> mr. cruz, do you support a path to citizenship for the 1.6 million illegal immigrants in texas? >> i do not. i commend mr. sadler for running as an unapologetic liberal. he supports amnesty for t
the federal government should be doing it. but we have to -- we should have already passed the dream act for these children in this state who through no fault of their own are here. they have no country. all they want is the american dream. ted likes to talk about liberty, but he only wants liberty for people he agrees with. liberty for these kids means becoming a citizen. why we turned them down over and over is beyond me. we should pass the greenback. finally, we should have a worker program...
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president obama thinks the government ought to be able to take as much as 44.8%. if you tax every person and successful small-business making over $250,000 and over 100%, you can only run a government for 98 days. there are not enough rich people and small businesses to tax to pay for all their spending. the next time you hear them say, do not worry about it, watch out, middle-class prick the tax bill is coming to you. that is why we are saying, eight out of 10 businesses, they file their taxes as individuals, not as corporations. or i come from, the canadiens dropped their tax rate to 15%. the average tax rate on businesses is 25%. the president wants the top tax rate to go above 40%. two-thirds of our jobs comes from small businesses. this would tax adopted a 3% of small business and come. -- this tax -- it does not pay for 10% of the deficit spending increases. lower tax rates across the board and close loopholes. we have three bottom lines. do not raise the deficit, do not raise taxes on the middle class, do not lower the share that is borne by the high income
president obama thinks the government ought to be able to take as much as 44.8%. if you tax every person and successful small-business making over $250,000 and over 100%, you can only run a government for 98 days. there are not enough rich people and small businesses to tax to pay for all their spending. the next time you hear them say, do not worry about it, watch out, middle-class prick the tax bill is coming to you. that is why we are saying, eight out of 10 businesses, they file their taxes...
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crime, a set tough new school standards, root out corruption, and run one of the most responsive city governments in the nation. even when that means rescuing citizens from burning buildings in the morning and shoveling snow from their driveways in the afternoon, i can only guess that come nightfall, perhaps a cape gets thrown into the mix there. he has fought for marriage a quality, and he has never shied away from calling out politicians like governor chris kristi, who vetoed our equality. as the co-chair of the democratic party platform committee this year, our guest led the way on securing a pro- marriage a quality plank in this party's platform. ladies and gentlemen, it is my privilege to introduce a mayor who fights for you, mayor cory booker. >> ♪ i've got the moves like jagger. i've got the moves like jagger. i don't need to try to control you. look into my eyes and i'll own you with the moves like jagger. ♪ >> good evening, everybody. [applause] i feel the excitement. i am telling you right now, this room right here has within it the spirit of our common ancestor. i am not talking ab
crime, a set tough new school standards, root out corruption, and run one of the most responsive city governments in the nation. even when that means rescuing citizens from burning buildings in the morning and shoveling snow from their driveways in the afternoon, i can only guess that come nightfall, perhaps a cape gets thrown into the mix there. he has fought for marriage a quality, and he has never shied away from calling out politicians like governor chris kristi, who vetoed our equality. as...
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Oct 12, 2012
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president obama thinks the government ought to be able to take as much as 44.8%. if you tax every person and successful small-business making over $250,000 at over 100%, you can only run a government for 98 days. there are not enough rich people and small businesses to tax to pay for all their spending. the next time you hear them say, do not worry about it, watch out, middle-class, the tax bill is coming to you. that is why we are saying, eight out of 10 businesses, they file their taxes as individuals, not as corporations. near where i come from, the canadians dropped their tax rate to 15%. the average tax rate on businesses is 25%. the president wants the top tax rate to go above 40%. two-thirds of our jobs come from small businesses. it does not pay for 10% of the deficit spending increases. lower tax rates across the board and close loopholes. we have three bottom lines. do not raise the deficit, do not raise taxes on the middle class, do not lower the share that is borne by the high income earners. it has been discredited by six other studies and even their
president obama thinks the government ought to be able to take as much as 44.8%. if you tax every person and successful small-business making over $250,000 at over 100%, you can only run a government for 98 days. there are not enough rich people and small businesses to tax to pay for all their spending. the next time you hear them say, do not worry about it, watch out, middle-class, the tax bill is coming to you. that is why we are saying, eight out of 10 businesses, they file their taxes as...
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Oct 11, 2012
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. >> the role of government is one of the big issues in this country and whether you believe government helps or doesn't. in terms of their programs, they do not want to cut. even in the example of governor romney is suggesting that if we had spending cuts in defense, it would kill jobs in virginia. >> that is where you need leadership from the top. i will point back to the governors. successful governors do two things really well -- provide leadership and propose a bold initiatives to their legislatures. they also have a strategy or a blueprint, if you will, for economic growth for the future. those are the successful governors. >> no president has had the reorganization of authority since ronald reagan. i think that needs to come back. there has got to be a combination. you cannot leave the size and the structure of the garment we have in place. this is a government functions on an old model despite a 20 per century technology model. it is painful and slow. look at the demographics of the federal work force. they are aging. >> next question. let's get a microphone to you. >> i consult
. >> the role of government is one of the big issues in this country and whether you believe government helps or doesn't. in terms of their programs, they do not want to cut. even in the example of governor romney is suggesting that if we had spending cuts in defense, it would kill jobs in virginia. >> that is where you need leadership from the top. i will point back to the governors. successful governors do two things really well -- provide leadership and propose a bold initiatives...
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Oct 10, 2012
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government should the. there's a group of people who say it makes no sense to me that the government just could've stayed on the sideline and may be done something in the end and all would've worked out fine. there's a middle group of people who believe what the government did was right in terms of getting involved in the industry or believe the restructuring was a success and was done commercially and the companies are truly viable and we need to keep them inflated until after the next election but that fundamentally they were restructured. the middle group still does have an issue. one of the reasons i like to keep talking about this is because i feel passionately that they are wrong and the middle group does have a point of view that somewhere somehow in what each of these creditors got, something wrong happened. it's very complicated. they read the editorial pages of the wall street journal, they have watched cnbc. they have this idea in their head which i think is wrong. hopefully, there is a fairly la
government should the. there's a group of people who say it makes no sense to me that the government just could've stayed on the sideline and may be done something in the end and all would've worked out fine. there's a middle group of people who believe what the government did was right in terms of getting involved in the industry or believe the restructuring was a success and was done commercially and the companies are truly viable and we need to keep them inflated until after the next...
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Oct 12, 2012
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his economic agenda, more spending, borrowing, higher taxes, a government takeover of health care -- it is not working. it has failed to create the jobs we need. 23 million americans are 23 million americans are looking for work today. this is not what a real recovery looks like. you deserve better. mitt romney and i want to earn your support. we are offering real reforms for a real recovery for every american. mitt romney, his experience, his ideas, his solutions is uniquely qualified to get the job done. at a time we have a jobs crisis until a america, would it not be nice to have a job creator in the white house? the choice is clear. a stagnant economy that promotes more government dependency, or a dynamic growing economy that provides opportunity and jobs. mitt romney and i will not duck the tough issues. we will not blame others for the next four years. we will take responsibility. we will not try to replace our founding principles. we will reapply our founding principles. the choice is clear. the choice rests with you. we ask you for your vote. thank you. >> thank you both agai
his economic agenda, more spending, borrowing, higher taxes, a government takeover of health care -- it is not working. it has failed to create the jobs we need. 23 million americans are 23 million americans are looking for work today. this is not what a real recovery looks like. you deserve better. mitt romney and i want to earn your support. we are offering real reforms for a real recovery for every american. mitt romney, his experience, his ideas, his solutions is uniquely qualified to get...
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Oct 9, 2012
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more government, bigger government, continue the same government. rather than trying to create the efficiencies, the effectiveness can be made, all they want to do is add more money. i can solve the fiscal crisis. i have legislation introduced that will cut $1.4 trillion. we have social security and medicare that's going broke in this country and we're setting up creating two new entitlements for the president's healthcare reform? does that make any common sense that you will create two new entitlements? >> now a question from mike dennisson. >> senator tester you strongly send conservation group. congressman rehberg you strongly supported by oil and gas. >> if you take a look at the xl pipeline, there's a lot of conservation groups out there that don't want to see that built. the fact, we talked about regulation here tonight. there needs to be a level of regulation out there. it can't be crazy. we need to insert montana common sense into that. sometimes i bucked the conservation groups in that. sometimes i buck other entities. we have to do what is
more government, bigger government, continue the same government. rather than trying to create the efficiencies, the effectiveness can be made, all they want to do is add more money. i can solve the fiscal crisis. i have legislation introduced that will cut $1.4 trillion. we have social security and medicare that's going broke in this country and we're setting up creating two new entitlements for the president's healthcare reform? does that make any common sense that you will create two new...
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Oct 10, 2012
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government is standing up a government that is not accountable to them. we hear this over and over. in the south and in the north. this notion that the u.s. is propping up a government that is not responsive to the population. it is fundamentally undermining our political objectives, even while securing our security objectives. neither one of them bears any resemblance to the facts on the ground. they are distorting our ability to understand the relationship between the instruments of policy and the actual substance of our objectives. our security terms and our long-term political objectives. let me summarize some of the things tribal and religious leaders told me. they are willing to accommodate them if the united states can meet three conditions. no civilian casualties. not using any more force than is necessary to take care of the problem. they see it as a dispute between the united states and al qaeda. it is very individualized and particularized. the third thing is basically when you target al qaeda, make sure you target the leaders. they want to pull people away from the organ
government is standing up a government that is not accountable to them. we hear this over and over. in the south and in the north. this notion that the u.s. is propping up a government that is not responsive to the population. it is fundamentally undermining our political objectives, even while securing our security objectives. neither one of them bears any resemblance to the facts on the ground. they are distorting our ability to understand the relationship between the instruments of policy...
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Oct 11, 2012
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come here and use the government benefits. we are creating a welfare state. >> you just said it is a fiction that they are coming for benefits and now he said they're coming for benefit. >> some of them might be coming here for benefits. i know there are people who come here to have birth and had the baby said they can both get citizenship as well as get the pregnancy coverage. we need to eliminate that. no person has a right to live at the expense of another person. that is an american principle we have forgot about in this country. we need to get back to that. >> congressman, how much should the united states police the world? >> i think we ought to detect our national security interests abroad. it ought to start with what is our national security interests, does our activity overseas for that interest? and two there are other reasons to be active overseas and one is humanitarian. it is a great thing we respond to natural disasters or intervene sometimes when we can save lives. but the foremost thing in our thinking has to a
come here and use the government benefits. we are creating a welfare state. >> you just said it is a fiction that they are coming for benefits and now he said they're coming for benefit. >> some of them might be coming here for benefits. i know there are people who come here to have birth and had the baby said they can both get citizenship as well as get the pregnancy coverage. we need to eliminate that. no person has a right to live at the expense of another person. that is an...
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Oct 12, 2012
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we think that the government taking a 28% of a family or business. income is business president obama thinks the government ought to be able to take as much as 44.8% of a small business's income. if you tax every person and successful small business making over to hundred $50,000 at 100% it would only run the government 90 days. we would still have a $300 billion deficit. there are not enough rich people to tax to pay for all of their spending. watch out, middle-class, the tax issues are coming to you. host: joseph is in our jacksonville, florida line, in support of president obama. caller: good morning. i enjoyed the debate. several things caught my eye with vice president biden's. he did a lot of laughing and smirking. some of it was called for and some was not. going back to last week, watching romney tell those untruths, i believe he had to do some of that because the only thing paul ryan was doing was complementing what romney was doing, which was lying. so i believe biden had to interrupt because there were times when things ryan was saying did
we think that the government taking a 28% of a family or business. income is business president obama thinks the government ought to be able to take as much as 44.8% of a small business's income. if you tax every person and successful small business making over to hundred $50,000 at 100% it would only run the government 90 days. we would still have a $300 billion deficit. there are not enough rich people to tax to pay for all of their spending. watch out, middle-class, the tax issues are coming...
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Oct 13, 2012
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all five are on the government. he figures his job as a parent is done when his children can get on welfare. the reason the video did not hurt to romney is because it is true. there are people who are gaming the system. guest: on the welfare reform that bill clinton and newt gingrich and other still tout, you do not necessarily have to be on welfare as a child and not work. i do not understand your brother's situation. it does not comfort with the policies as republicans and democrats describe. putting that aside, mitt romney was free to say there are people who are gaming the system. he did not say that. he said that anyone who is on entitlements, a pell grant, trying to go to college to better themselves, anyone who uses of food stamps because they are in between jobs, people who are on medicare, medicaid. i do not know if you use any of those responsibly. they are all part of the mooching society. people are free to say we should get rid of the social safety net and not have these programs. we can have that debat
all five are on the government. he figures his job as a parent is done when his children can get on welfare. the reason the video did not hurt to romney is because it is true. there are people who are gaming the system. guest: on the welfare reform that bill clinton and newt gingrich and other still tout, you do not necessarily have to be on welfare as a child and not work. i do not understand your brother's situation. it does not comfort with the policies as republicans and democrats describe....